Wall Street Zen Upgrades Flywire (NASDAQ:FLYW) to Hold

Key Points

• Flywire received an upgrade from a "sell" to a "hold" rating by Wall Street Zen, while other analysts have mixed opinions with a consensus price target of $13.71.
• Shares of Flywire are currently trading at $11.79, down 4.4% recently, with a market capitalization of $1.43 billion.
• The company reported a loss of ($0.09) earnings per share for the last quarter, missing estimates, though revenue grew by 27.2% year-over-year.

Flywire (NASDAQ:FLYW - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Sunday.

FLYW has been the topic of a number of other reports. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 price target (down from $16.00) on shares of Flywire in a research report on Monday, April 14th. The Goldman Sachs Group upped their price target on Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Royal Bank Of Canada cut their target price on Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company cut their target price on Flywire from $16.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 7th. Finally, Truist Financial increased their price target on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $13.71.

Flywire Stock Performance

Shares of FLYW stock traded up $0.12 during trading on Friday, reaching $11.78. The company had a trading volume of 2,500,482 shares, compared to its average volume of 2,602,067. The firm's 50 day simple moving average is $11.21 and its two-hundred day simple moving average is $11.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.87 and a quick ratio of 1.87. Flywire has a one year low of $8.20 and a one year high of $23.40. The company has a market capitalization of $1.43 billion, a PE ratio of 235.60, a PEG ratio of 2.21 and a beta of 1.27.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). Flywire had a net margin of 1.27% and a return on equity of 1.94%. The company had revenue of $127.50 million during the quarter, compared to the consensus estimate of $119.65 million. During the same period in the previous year, the business posted ($0.11) earnings per share. The firm's revenue was up 27.2% on a year-over-year basis. Sell-side analysts forecast that Flywire will post 0.14 earnings per share for the current year.

Insider Activity

In other news, Director Edwin J. Santos sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the completion of the sale, the director directly owned 16,990 shares of the company's stock, valued at $178,395. This trade represents a 22.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.40% of the stock is currently owned by insiders.

Institutional Trading of Flywire

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in Flywire by 194.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company's stock worth $38,000 after purchasing an additional 2,167 shares during the last quarter. CWM LLC increased its stake in shares of Flywire by 850.9% in the 2nd quarter. CWM LLC now owns 6,447 shares of the company's stock valued at $75,000 after purchasing an additional 5,769 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Flywire in the 4th quarter valued at $77,000. JT Stratford LLC bought a new stake in Flywire during the 1st quarter worth $109,000. Finally, Dakota Wealth Management grew its position in Flywire by 8.7% during the 1st quarter. Dakota Wealth Management now owns 13,334 shares of the company's stock worth $127,000 after acquiring an additional 1,066 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Flywire Company Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.